VanEck: Digital asset treasuries continued to accumulate crypto assets in October, and market demand for "trusted privacy solutions" appears to be rebounding.

Jinse Finance reported that VanEck released its October 2025 Crypto Monthly Review Report, which pointed out that even amid severe market volatility, Digital Asset Treasuries (DATs) continue to increase their holdings. For Ethereum and Solana, October was one of the strongest months of accumulation this year. However, despite ongoing accumulation, the market value of Digital Asset Treasuries still declined due to token price corrections. The most noteworthy aspect among Digital Asset Treasuries this month is their innovation in financing models: DFDV issued tradable warrants (each share corresponds to 0.1 warrant), allowing holders to gain potential returns through this tool—an innovative adjustment to the traditional equity-linked financing model. BNMR raised funds through a “stock + warrant” hybrid approach, issuing about 5.2 million shares and 10.4 million warrants, aiming to expand its crypto asset holdings by the end of the year. In Japan, Metaplanet specifically secured $500 million in debt financing to support a stock buyback plan—a rare signal of confidence during a period of industry volatility. Amid market turmoil, a quiet revolution is taking place in the field of privacy technology. As the longest-standing zero-knowledge proof blockchain project, Monero (Zcash, ZEC) surged 162% in October. In the crypto industry, attention to privacy technology experiences cyclical fluctuations every few years. From 2016 to 2018, privacy coins were almost synonymous with “regulatory risk”; by 2021, they were gradually marginalized in terms of functionality. However, as blockchain monitoring technology continues to strengthen, the market’s demand for “trusted privacy solutions” seems to be on the rise again.